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Lot 125

10-12 South Methven Street, Perth, PH1 5PE

Guide Price: £100,000

Vacant Freehold Commercial Offer Now Available



Map & Directions Downloads Price & Bidding Offer Now Auction Details


Key Features:

FULL BUILDING **PRIME TOWN CENTRE MULTI-PURPOSE DEVELOPMENT PROJECT** Large 4 Storey building with basement and mews to the rear in centre of Perth offering huge potential to developer or builder.


  • Former residential block with bar on ground floor has lapsed planning permissions for 5 floors and basement. Ground floor bar, First floor restaurant then 8 flats over three floors above.
  • ***EXCELLENT CITY CENTRE LOCATION- Total ground floor area is approx 2700 sq feet. Will be of Substantial Interest to Professional Investors & Developers***
  • RESIDENTIAL SALES EVIDENCE IN STREET- 12, South Methven Street £230,000... 16a, South Methven Street- £88,000...17e, South Methven Street £67,000...
  • PERFECT PERTH CITY CENTRE LOCATION BESIDE PIZZA EXPRESS AND ALL OTHER MAJOR RETAILERS ON THE HIGH STREET- GUARANTEED HIGH FOOTFALL.


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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- Click the above link to search the latest records for this postcode.


Description:

**PRIME TOWN CENTRE MULTI-PURPOSE DEVELOPMENT PROJECT** Large 4 Storey building with basement and mews to the rear in centre of Perth offering huge potential to developer or builder. The ground floor is a large bar in the main building ( no 12 ) all the way through to the ground floor of the mews it is connected by a single story extension. Number 10 has close entrance with flat on first floor and a flat on the second and third floors split into two. From this close there is a door to rear that gives access to another flat on the first floor of mews at the rear. Planning was previously given (now lapsed) for 5 floors and basement. Ground floor a bar. First floor Restaurant and then three floors of flats above giving a total of 8 residential dwellings. All indications are that the council very keen to have this site redeveloped and have indicated that they would look favourably at other uses. Total ground floor area is approx 2700 sq feet. Once this site has been acquired there may be further massive development potential if the neighbouring property can be purchased. This 500sq foot building also in need of development is not included in this sale however it is worth noting that there were previously plans in place to transform the whole site into a 1000sq foot retail unit on the ground floor and 20 flats above. RESIDENTIAL SALES EVIDENCE IN STREET- 12, South Methven Street £230,000... 16a, South Methven Street- £88,000...17e, South Methven Street £67,000... Sales evidence above is based on tenement flat sales. Housing associations in the area can pay around £115k-£125k per property if a deal can be agreed. Once renovation is complete the residential properties alone could ensure a massive profit for any potential purchaser. Please note VAT is payable on this purchase.


Location:

This property benefits from being within seconds of all High Street shopping with Perth Bus & Train Station situated just minutes away, ideal for the commuter. There is easy access to the motorway networks in every direction from the centre of Perth leading to the larger cities of Dundee, Stirling, Edinburgh and Glasgow. Perth City Centre offers a wide range of nearby amenities such as a varierty of shops, restaurants, bars and leisure facilities.


Map & Directions:



Further Info & Downloads:


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Enquiry Forms:
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Phone:

0141-632-6599

Email:

info@future-auction.com


Pricing Info & Bidding:


Guide Price = £100,000


What is a Guide Price...

Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Offer Now...

You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

SUBMIT OFFER NOW

Viewings:


Internal Viewings...

This property may be open for internal viewings at specified times which will be listed on this page when available. We advise all interested parties to follow social distancing rules for safety and to wear appropriate PPE when visiting properties.

External Viewings Anytime...

You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. We advise all interested parties to follow social distancing rules for safety and to wear appropriate PPE when visiting properties.

Auction Details:



  • Auction Date

    04 December 2020, 4pm


  • Auction Location

  • Deadline for Offers


How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.